- E. Roland Harriman
Infobox Person
name = E. Roland Harriman
image_size = no image
caption = no image
birth_date = December 24, 1895
birth_place =New York City
death_date = February 16, 1978
death_place =Arden, New York
occupation =Financier ,Philanthropist
spouse = Gladys C. C. Fries
parents = Edward Henry Harriman and Mary Williamson Averell
children = twoE. Roland Harriman (born Edward Roland Noel Harriman on
December 24 1895 inNew York City - died onFebruary 16 1978 inArden, New York ) was a financier and philanthropist. For those who were very close to him, his nickname was "Bunny".He was the youngest of five surviving children of Mary Williamson Averell and Edward Henry Harriman, a financier and executive of the
Union Pacific Railroad and theSouthern Pacific Railroad . Among his siblings wasW. Averell Harriman , the financier and government official, four years his senior. Edward H. Harriman's estate was substantial, variously estimated between $70 million and $100 million upon his death in 1909.Harriman was educated at
Groton School , from which he graduated in 1913, andYale University (B.A., 1917), where he was a member ofPsi Upsilon fraternity and a member ofSkull & Bones with his classmate and friendPrescott Bush . He married Gladys C. C. Fries on April 12, 1917, and they had two children.During
World War I , Harriman served for ten months as an inspector with the rank of lieutenant in the United States Army Ordnance Department. Stricken withpneumonia andinfluenza , he was honorably discharged in January 1919. After regaining his health in California, he joined the Merchants Shipbuilding Corporation that November, a firm in which his brother Averell had an interest.In 1922, Harriman joined W. A. Harriman Company,
investment bankers in New York City, and the following year, he became vice-president. In 1927 the two brothers formed the banking firm Harriman Brothers and Company. In 1931 the firm was merged withBrown Bros. & Co. , with Roland as vice-president. Headquartered onWall Street ,Brown Brothers Harriman started with nine partners and about two hundred employees. The firm performed specialized banking services for customers, mainly medium-sized corporations; it was not a member of theFederal Reserve System or theFederal Deposit Insurance Corporation .In 1968, Harriman and three other senior partners at Brown Brothers (
Robert A. Lovett , secretary of defense under PresidentHarry Truman ;Prescott Bush , former senator fromConnecticut ; andKnight Woolley -- all Yale men), moved "upstairs," literally and figuratively, to make way for the younger partners, one of whom wasRobert Roosa , former undersecretary of the Treasury.In 1975, a few years prior to Harriman's death, there were twenty-nine partners and approximately one thousand employees.
Harriman was a conservative Republican. An advocate of balanced
budget s, he wrote articles on the subject for the "Saturday Evening Post " and the "Review of Reviews " in 1935; his speech on WEAF radio in August 1937 on the topic was reprinted in Vital Speeches of the Day (September 15, 1937). His brother was a Democrat who served under the Truman administration and was governor of New York.Harriman followed the philanthropic example of his parents. He and his wife established the Irving Sherwood Wright professorship in
geriatrics at New York Hospital-Cornell Medical Center and provided funds for cardiovascular research at the hospital. He joined theAmerican Red Cross as a member of the board of governors in 1947, helped reorganize it after World War II, served as manager for the organization's North Atlantic area from 1944 to 1946, was its vice-president and national annual fund appeal chair in 1949, and was appointed its president by President Truman, to succeed GeneralGeorge Marshall in 1950.President
Dwight Eisenhower reappointed him president in 1953. His other philanthropic board memberships included that of theAmerican Museum of Natural History , for which he was also treasurer.Further Reading
* Harriman's autobiography is "I Reminisce" (1975).
* [http://query.nytimes.com/gst/abstract.html?res=990DE5DA1738E633A2575AC1A9679D946596D6CF|E. Roland Harriman joins Psi Upsilon, NYT 11/14/1914]Personalities of Wall Street
See "
List of personalities associated with Wall Street ".
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